(TheNewswire)
Vancouver, British Columbia / TheNewswire / December 18, 2020 - Xander Resources Inc.(TSXV:XND) (FSE: 1XI ) (OTC:XNDRF) (the“Company”) announces that, subject to theapproval of the TSX Venture Exchange (the “ Exchange ”), itproposes to issue up to 1,527,780 units (the “ Units ”) at a priceof $0.18 per Unit for aggregate gross proceeds of $275,000.40 througha non-brokered flow-through private placement (the “ Private Placement ”). The Company has secured a lead order from ProbityMining 2020-II Short Duration Flow-Through Limited Partnership in thePrivate Placement. The Company will use the gross proceeds of thePrivate Placement for exploration of Mineral Properties.
Each Unit consists of one Flow-through common share andone-half of one non-flow through common share purchase warrant. Eachwhole warrant entitles the holder to purchase one additional commonshare at a price of $0.26 per share for a term of two years.Finder’s Fees totalling $20,000.00 cash and 111,111 finder warrantsexercisable for two (2) years at $0.18 are payable to Qwest InvestmentFund Management Ltd.
About Probity Mining 2020-II ShortDuration Flow-Through Limited Partnership
Probity Mining 2020-II Short Duration Flow-ThroughLimited Partnership is a limited partnership formed under the laws ofBritish Columbia. It has filed a prospectus in all the jurisdictionsof Canada pursuant to which it is offering six different classes oflimited partnership units to its investors. Its investment objectiveis to provide its limited partners with a tax-assisted investment in adiversified portfolio of flow-through shares of resource issuersengaged in the mining sector incurring eligible expenditures under theIncome Tax (Canada).
ON BEHALF OF THE BOARD OFDIRECTORS
Jim Hirst, CEO and Director
Email: jimh@xanderresources.ca
Website: www.xanderresources.ca
Neither TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release.
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